
NEWSFLOW
Edenville Energy (#EDL) – £0.4m placing at 7p per share, a more than 33% discount
- 2022-12-06 07:57:59
All that Edenville Energy (EDL) seems to have managed to achieve over the years is to burn through cash at a rate of knots whilst failing to deliver anything for shareholders other than a steady and prolonged decrease in the share price. I can remember even back in 2010/11 when this company was being promoted as having huge potential, along with all the other rubbish that you tend to hear spouted about these small AIM resource outfits across the bulletin boards...
Thanks to the hapless clowns at Northland losing (oops I meant surrendering) their license there are still a stack of stocks which will see their shares suspended on February 1 and booted off the casino for good on March 4 if they cannot find a replacement. The ten at risk are:
If AIM gave out awards for achieving little and issuing billions of shares, then Tanzanian coal miner Edenville Energy (EDL) would be high up the list to receive one!